EURNZD – Heading towards weekly support: 1.6380

I don’t know about you, but I think the best moment to look for short opportunites its when the market breaks through and important LT support level and confirms it afterwards… this just happened with the Euro/New Zealand.

The EURNZD broke through important LT support level last week, it looked as if it was going to get rejected but it continued its way down giving us opportunities to keep looking for short opportunities:

As long as the EURNZD trades below 1.6649 I’ll be looking for short opportunities.